Balance of factory warrenty. Review on Buying a Second Hand Car

When shopping for a pre-owned car or truck try to find one that has some balance of the manufactures warranty remaining. this may mean spending a little more for a 1 to 3 year old car or truck but generally the finance term and interest rate is better than an older car or truck. this may translate to smaller payments but for a longer period of time. most manufactures warranty is 3 years or 36, 000 miles or 4 years or 50, 000 miles. the lenders will generaly give a 60 month term and interest rates slightly more than the new car rates.

The advantage of a car or truck within factory warranty limits is that if there is a mechanical problem with the vehical you can take it to the manufactures dealership service department for repairs at no cost to you. if you purchase the vehical from a dealership they can offer an extended warrenty for up to 3 additional years over the factory warrenty coverage. the extended warranty may be costly but may pay for itself many times over during the time it is in effect. you can save several thousand dollars in purchasing one of these late model cars or trucks, and with the purchase of an extended warranty you may end up with more warranty coverage than with a new vehical.